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But
the U.S. firm was not focusing on entering the insurance market
directly, Nick Leeder added.
"With some of the things we have done around Nest, we have been
working with insurers in France like AXA and Allianz to develop
bundles of products which blend technology and hardware with
insurance," Leeder said during a panel discussion at the
reinsurance industry's annual meeting in Monte Carlo on Tuesday.
"We’re clearer about the role that we can play and what we can
add, and we are looking for partners."
More than 40 percent of insurers see Google as a potential rival
and threat because of its strong brand and ability to manage
customer data, a report from consultants Capgemini earlier this
year found.
But that was not where Google was directing its efforts.
"We are not a company that uses the word never much, so it's
difficult to rule things in or out. I think there are things
that we are good at and things we are not good at," the Google
France boss said.
Areas Google had been focusing more on included health care, and
it shut down its price comparison site for motor insurance,
Google Compare, earlier this year.
"We found it didn’t work as well as we’d like," Leeder said.
(Reporting by Carolyn Cohn; editing by John Stonestreet)
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